Float
Float, formerly known as Welcome Capital, is a fintech company based in Honolulu, HI, specializing in supply chain finance solutions for fast-growing consumer brands.
Company Overview
Float, formerly known as Welcome Capital, operates from Honolulu, HI, USA, and offers remote work options. The company is positioned within the fintech sector, specifically providing supply chain finance solutions. As an early-stage business, it participated in Y Combinator's S21 batch, signifying its startup nature and potential for growth. The team is small, consisting of just two people, and it caters to clients across the United States of America, America / Canada, and offers fully remote services.
Services Provided by Float
Float specializes in offering supply chain finance solutions for fast-growing consumer brands. The company's primary service involves paying supplier invoices upfront on behalf of its clients. This approach allows clients to defer payment for their inventory until after it has been sold. This service is designed to improve cash flow for consumer brands, enabling them to scale more efficiently without the burden of immediate inventory costs.
Industry and Sub-Industry
Float operates within the fintech industry, with a specific focus on supply chain finance. The company serves the niche of providing financial solutions that bridge the gap between suppliers and consumer brands, ensuring that suppliers get paid upfront while brands manage their cash flow more effectively. This strategic positioning within the fintech sector underscores Float's role in modernizing and streamlining financial operations for its targeted market.
Company Locations
Float is based in Honolulu, HI, USA, and supports a fully remote operational model. This allows the company to serve clients across various regions including the United States of America, America / Canada, and remote locations. The remote work opportunities extend to their team, offering flexibility and a broader range of talent acquisition beyond their headquarters in Honolulu.
Y Combinator S21 Batch Participation
Float was an active participant in the Y Combinator S21 batch, a prominent startup accelerator program. This involvement provided the company with mentorship, resources, and networking opportunities to bolster its growth potential. Participating in Y Combinator is a significant milestone for early-stage startups, often leading to increased visibility and access to venture capital.